New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-11-28

Cuisines, and speculation are at game OF
scc->aw. Two weeks ago business became
distinctly dullcr and there were signs of posi-
bic reaction in several important branches, but
speculation went wildly booming prices IN tn"
stock and other markets. Now there Is a hall
IN almost every kind Of speculation, but the
signs respecting legitimate business are clearly
more favorable Iron. wool. cotton and leather
are IN rather better demand failures which were
seriously apprhcnGcd in several cities have
been alcrtcd and the outlook, If not IN every
particular satisfactory. is certainly improved.
The setback in prices Of stocks has nou
Amounted to much averaging about 90 cents
Der share, and wheat is not lower. while corn
and oats closed higher than week ago, pork
products are Il shade higher. with cotton options
and print cloths. lIut an enormous volume OF
speculative sales has dsappcarcd instead Of
1913 OOO. 900 bushels Of wheat, for example
there was only about 90 900, 900 sold last week.
Coffee has declined, sugar and oil have not adj
yanccd. and while the speculation in minor
metals is Wild enough. it has not IN extensive
influence.
Tho outg0 of money from Ncw-lork con-
times i'm spite Of liberal deposits by the Treas
ury with banks, and in spite Of the hope lately
INDUCED that the return Of currency from the
interior. though delayed far beyond the uSu1i
point would for that reason be the larger.
November is abort gone, and money still goes
West and south in considerable amounts, and
the demands from some interior points, cSpcc-
tally from regions where real estate speculation
has been most active. have both been unsuitable
and anxious. In some cases paper Is offered at
rnoIls rates in Eastern markets. and the mar
kcting OF crops seems to give no relief. But
at some Southern points the money market Is
now working more easily, being better supplied
since the heavy shipments Of cotton have
brought returns.
Though the strngcncy continues at most IN
terror points. the Treasury increased lt> de
posts with banks last week -, iSl Col IL
must by this time be clear that this remedy,
which Secretary Fairchd adopted when the
purchase Of bonus proved inefficient. is rather
adapted to help speculation 1T II few cher
centres than TO relieve business generals. The
money markets at Chicago and Boston are less
pressed, and Philadelphia is fairly supplied.
and there is no real lack Of funds for spccu-
! lation here but the Ncw-Iork banks are out OF
tho market for commercial paper, and the rates
at many interior points grow higher. Not
withstanding it's deposits the Treasury took III
last week about 81 100000 more than II PAID
out. reducing the circulation Of gold certificates
So 400 OOO while putting out 81 100000 silver
certificates. Since October 20 the banks OF
this city have lost from their reserves
S6.siI 600. meanwhile increasing their loans
So 100 600. I'm these weeks the Treasury has
added to its deposits with banks no less than
so 356 O6s. and has nevertheless taken IN
Ss222.257 in gold and scgal tenders white
putting out SG,51S,22G in silver and silver
certificates The banks of Ncw-lork have lost
during the month $ l.6OO0O0 more than the in
crease in money held at all points by the Treas
ury. Notwithstanding the great increase in de-
posts. Men N""d"r f" here all the money goc: